Benzinga's Upgrades for May 15, 2013

In a report published Wednesday, Credit Suisse analyst Julian Mitchell upgraded the rating on Regal-Beloit Corporation from Neutral to Outperform, and raised the price target from $74.00 to $76.00.

Regal-Beloit Corporation closed on Tuesday at $67.41.

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In a report published Wednesday, J.P. Morgan analyst Jeremy Tonet upgraded the rating on Inergy LP from Neutral to Overweight, and raised the price target from $21.00 to $27.00.

Inergy LP closed on Tuesday at $24.34.

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In a report published Wednesday, Stifel Nicolaus analyst Amir Arif upgraded the rating on Noble Energy from Hold to Buy, and named a $140.00 price target.

Noble Energy closed on Tuesday at $117.61.

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In a research report published Wednesday, Morgan Stanley analyst Bin Li upgraded Sinovac Biotech Ltd. from Underweight to Equal-Weight and raised the price target from $1.40 to $3.40.

Sinovac closed Tuesday at $3.33 and is currently trading down 0.30 percent since market open hours.

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Bank of America published a report on JC Penney that upgraded the company from Underperform to Neutral and raised the price objective from $13.00 to $20.00 due to a normalized capex run rate.

JC Penney is not expected to be free cash flow positive until 2015.

JC Penney traded up 2.47 percent at $18.69 as of this writing.

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In a report published Wednesday, Stifel Nicolaus analyst Amir Arif upgraded the rating on Halcon Resources Corp. from Hold to Buy, and named an $8.50 price target.

Halcon Resources Corp. closed on Tuesday at $6.43.

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BMO Capital upgraded PS Business Parks from Underperform to Market Perform. The target price for PS Business Parks has been raised from $70.00 to $83.00. PS Business Parks' shares closed at $83.93 yesterday.